RESTON, Va.--(EON: Enhanced Online News)--WashingtonFirst Bankshares, Inc. (Nasdaq: WFBI), ("WashingtonFirst"),
parent of WashingtonFirst Bank, today announced that 1st
Portfolio Lending, the bank’s wholly-owned residential mortgage lending
subsidiary, is changing its name to WashingtonFirst Mortgage.
WashingtonFirst acquired 1st Portfolio Lending earlier this
year to significantly expand its mortgage lending business in the
metropolitan DC area. The name change marks the completion of the
lending company’s integration into the WashingtonFirst family.

“As we continue to grow, we want customers to associate
those attributes with each line of business, whether community banking,
mortgage lending, or wealth management. The new mortgage brand is an
extension of that promise to our customers.”

“The WashingtonFirst brand stands for financial strength, integrity and
service excellence,” said Shaza Andersen, founder and CEO of
WashingtonFirst. “As we continue to grow, we want customers to associate
those attributes with each line of business, whether community banking,
mortgage lending, or wealth management. The new mortgage brand is an
extension of that promise to our customers.”

“We are proud to be associated with WashingtonFirst because the brand is
so respected in our communities,” added Michael Rebibo, President and
CEO of WashingtonFirst Mortgage. “Under the WashingtonFirst banner, we
are excited to offer a new, expanded product line which, in addition to
our agency direct and jumbo products, now includes an excellent bank
portfolio and construction loan program that few competitors can match.”

The name change is effective today and is part of WashingtonFirst’s
ongoing growth strategy. In November of 2015, WashingtonFirst was
recognized as one of the “50 Fastest Growing Companies” by the Washington
Business Journal. The WashingtonFirst Mortgage logo will appear on
the lending company’s website (www.washingtonfirstmortgage.com),
marketing materials, and signage. Additionally, there will be local
market exposure through WashingtonFirst Bank’s 17 branch offices in DC,
Virginia and Maryland.

About WashingtonFirst Bankshares, Inc.

WashingtonFirst Bankshares, Inc., headquartered in Reston, Virginia, is
the holding company for WashingtonFirst Bank, which operates 18
full-service banking offices throughout the Washington, DC, metropolitan
area. In addition, the Company provides wealth management services
through its subsidiary, 1st Portfolio Wealth Advisors, and mortgage
banking services through the Bank's subsidiary, WashingtonFirst
Mortgage. The Company's common stock is traded on the NASDAQ Stock
Market under the quotation symbol "WFBI" and is included in the ABA
NASDAQ Community Bank Index. As of September 30, 2015, WashingtonFirst
had $1.6 billion in total assets. For more information about the
Company, please visit: www.wfbi.com.

About WashingtonFirst Mortgage

WashingtonFirst Mortgage is a leading residential mortgage lender
committed to providing outstanding service and financing options to our
customers in the metropolitan DC and greater mid-Atlantic markets. We
provide a broad array of financing solutions and professional guidance
to help our customers successfully navigate the lending process. Our
highly personalized consultative approach greatly accelerates the
lending approval process and ensures our customers get the right loan
for their home at the most competitive rate. As a direct lender, we
process, underwrite, and close our loans in-house, on time with no
surprises. Founded in 2009, WashingtonFirst Mortgage is a subsidiary of
WashingtonFirst Bank headquartered in Reston, Virginia with office
locations in Virginia, Maryland and the District of Columbia. Visit us
at www.washingtonfirstmortgage.com.